by Paul Robinson
EUR/USD Weekly Technical Outlook - Euro Nearing a Breakout
The euro continues to ‘bobble around’ above big support; a developing wedge should soon lead to a sustained move…
Continue Reading
Articles
EUR/USD Weekly Technical Outlook - Euro Nearing a Breakout
The euro continues to ‘bobble around’ above big support; a developing wedge should soon lead to a sustained move…
GBP/JPY: Q3 Bullish Breakout Takes a Step Back
GBP/JPY started the quarter on a bright note even in light of ongoing Brexit dynamics. But the past week has not been as kind to GBP/JPY bulls as prices dropped each day Monday-Thursday.
USD Rise at Risk of Topping Out as Trump Signals Displeasure
USD surge since mid-April may have run its courses as Trump signals displeasure, while large USD long positioning suggests there is scope for only a modest push higher.
by James Stanley
GBP/JPY: Q3 Bullish Breakout Takes a Step Back
GBP/JPY started the quarter on a bright note even in light of ongoing Brexit dynamics. But the past week has not been as kind to GBP/JPY bulls as prices dropped each day Monday-Thursday.
Continue Reading
by Justin McQueen
USD Rise at Risk of Topping Out as Trump Signals Displeasure
USD surge since mid-April may have run its courses as Trump signals displeasure, while large USD long positioning suggests there is scope for only a modest push higher.
Continue Reading
by Shaun Murison, CFTe
South Africa’s Rand underperforms After Reserve Bank Commentary
The sharp weakening of the rand yesterday see’s the USD/ZAR breaking out of a short term wedge consolidation, to resume the short term uptrend in line with the longer term uptrend
Continue Reading
by Ilya Spivak
NZD/USD Technical Analysis: Down Trend Intact as Selloff Stalls
The New Zealand remains locked in a well-defined down trend against its US counterpart despite over two weeks of sideways consolidation.
Continue Reading
by James Stanley
GBP/USD: Cable Bounce After Test Sub-1.3000, Pullback or Reversal?
GBP/USD traded below a key level this morning, albeit briefly. And with a rate hike out of the BoE in two weeks no longer looking so likely, the prospect of a deeper bearish move in the pair continues...Continue Reading
by Jack Schwarze
Bitcoin: Traders Push Bullish Exposure As Prices Rise
The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.
Continue Reading
by James Stanley
EUR/JPY: Bullish Breakout Begins to Retrace, Support in View
After a strong showing in 2017, EUR/JPY spent the bulk of the first half of this year in a retracement. But Q3 has brought bulls back into the fray, and this has pushed the pair back above 130.00. In ...Continue Reading
by James Stanley
Dow Pulls Back from Monthly Highs as Q3 Breakout Takes a Pause
The Q3 bullish breakout in US stocks appears to be taking a pause after running up to fresh highs in response to Jerome Powell's two days of testimony. With the Dow now trading above 25k, can bulls ke...Continue Reading
by Nick Cawley
Gold Price Analysis: Heavy Sell-Off Continues - $1,204/oz Beckons?
Spot gold continues to plummet with support levels brushed aside with ease. Next up, the one-year low at $1,204/oz. – Will it hold?
Continue Reading
by Yayati Tanwar
GBP/USD: Net-Long Positions Continue Near Highest Yearly Levels
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
Continue Reading
by Jake Schoenleb
S&P 500: Price May Fall As Resistance Is Tested
Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.
Continue Reading
by Paul Robinson
Technical Outlook for GBP/USD, EUR/USD, Gold Price & More (Video)
Today, we looked at continued strength in the USD versus a few key currencies, gold's break of big support, and a few other key markets.
Continue Reading
by Nick Cawley
Crude Oil Sell-Off Stalls After Recent Heavy Losses - Support Nears
The price of oil may be finding a short-term base after losing nearly 12% of its value in the last seven weeks with support seen around $70/brl.
Continue Reading
by Tyler Yell, CMT
Crude Oil Price Forecast: WTI Volatility Begs Questions of Possible Top
WTI has fallen by almost 10% as the focus moved from supply deficits to demand drops on Trade war rhetoric and an easing physical market, but technical analysis may show there is little to fear yet.
Continue Reading
by James Stanley
US Dollar Price Action Setups After Day One of Powell’s Testimony
The first day of Chair Powell's testimony helped to bring strength back to both the US Dollar and US equities. With both UK inflation and the second day of Chair Powell's testimony on the docket for t...Continue Reading
by Yayati Tanwar
USD/JPY: Trader Sentiment Remains Bearish As Price Approaches Yearly Highs
The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.
Continue Reading
by Michael Boutros
Weekly Technical Perspective on the Japanese Yen (USD/JPY)
A breach above a key resistance range has the price breakout eyeing initial resistance targets. Here are the key price levels that matter on the USD/JPY weekly chart
Continue Reading
by James Stanley
Dow Jones: Bullish Trend Pulls Back From Fibonacci Resistance
US stocks have continued their Q3 rally up to fresh near-term highs, but will bulls be able to continue the move with two days of testimony from FOMC Chair Jerome Powell on the docket?
Continue Reading
by Paul Robinson
Trading Outlook for Gold Price, US & UK Crude Oil, DAX, Dow Jones & More
This morning we looked at gold trading around major trend support, the downdraft in US & UK crude oil contracts, and the outlook for a couple of major indices.
Continue Reading
by Nick Cawley
US Dollar Analysis: Fed Chair Powell Likely to Re-Invigorate USD
The US dollar is likely to get an uplift later in the day when US Federal Reserve Chair Jerome Powell testifies to the Senate Banking Committee.
Continue Reading
by James Stanley
GBP/USD: Cable’s Q2 Down-Trend in Focus Ahead of UK CPI
The British Pound is poised to move this week as a series of pivotal data points are released ahead of the BoE's Super Thursday rate decision in August. Can expectations for higher rates finally rever...Continue Reading
by Yayati Tanwar
Bitcoin: Price Jumps While Traders Remain Net-Long
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.
Continue Reading
by Jake Schoenleb
EUR/USD: Prices May Fall As Net-Short Positions Jump 8.4% Overnight
The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
Continue Reading
